Media coverage about Kadant (NYSE:KAI) has trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kadant earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 47.0523065773444 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Kadant (NYSE KAI) traded down $0.60 during mid-day trading on Wednesday, reaching $103.70. The company’s stock had a trading volume of 33,853 shares, compared to its average volume of 58,973. Kadant has a 52 week low of $56.15 and a 52 week high of $114.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.37 and a current ratio of 2.01. The company has a market capitalization of $1,138.09, a P/E ratio of 37.75 and a beta of 1.36.
Kadant (NYSE:KAI) last posted its earnings results on Thursday, February 15th. The industrial products company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. Kadant had a return on equity of 15.93% and a net margin of 6.04%. The company had revenue of $149.14 million for the quarter, compared to the consensus estimate of $144.50 million. sell-side analysts anticipate that Kadant will post 5.02 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 10th. Stockholders of record on Thursday, April 12th will be paid a $0.22 dividend. The ex-dividend date is Wednesday, April 11th. This represents a $0.88 annualized dividend and a dividend yield of 0.85%. This is an increase from Kadant’s previous quarterly dividend of $0.21. Kadant’s dividend payout ratio (DPR) is 30.43%.
KAI has been the topic of several recent analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $110.00 price objective on shares of Kadant in a research report on Thursday, March 1st. ValuEngine raised Kadant from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research cut Kadant from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $112.67.
In other news, VP Sandra L. Lambert sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $100.01, for a total value of $400,040.00. Following the transaction, the vice president now owns 19,257 shares of the company’s stock, valued at $1,925,892.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael J. Mckenney sold 1,400 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $100.26, for a total value of $140,364.00. Following the completion of the transaction, the insider now directly owns 14,595 shares in the company, valued at approximately $1,463,294.70. The disclosure for this sale can be found here. Insiders sold 39,073 shares of company stock worth $3,925,732 in the last ninety days. Corporate insiders own 5.59% of the company’s stock.
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Kadant Inc is a supplier of equipment and components used in process industries. In addition, the Company manufactures granules made from papermaking by-products. Its segments include Papermaking Systems and Wood Processing Systems. The Company has a customer base, which includes paper and oriented strand board (OSB) manufacturers.
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